Your credit report is a snapshot of your financial history. It is an important, independent summary of your financial health that lenders use to determine if and how much they are willing to lend you. Learn more about credit reporting now.

Credit Score

A credit score is an objective summary of the information contained in your credit report at a particular point in time. Learn how your credit score plays a crucial role in major life decisions from auto financing to buying a new home.

Credit Monitoring

Learn more about the importance of credit monitoring. With credit monitoring you can spot identity theft, correct inaccuracies and receive alerts when your credit report changes.

Identity Theft and Fraud

Identity theft is a serious crime that happens more often than you might think. Learn more about how to protect your personal information and find easy tips for preventing identify theft and credit fraud.

Credit Cards

Learn how credit cards affect your credit score. There is a wide range of credit cards available that can help you establish better credit.

Debt and Money Management

Simple ways you can take control of your finances. Read our useful tips for making a budget, reducing your debt and building a brighter financial future.

Mortgage

Financing a home may be the most important investment you make. Learn more about one of the biggest financial decisions of your life.

Why the answer to “what’s a good credit score?” varies

“What is a good score?” It’s a question that’s asked a lot. And since credit scores are actual numbers, the answer should be simple at first glance. But here are some reasons a good answer goes beyond those three digits.

Which scorer?

Credit scores are developed by credit reporting agencies, other credit scoring companies and lenders. Many companies develop their own proprietary formulas, ranges and the scores. That means an 800 from one company’s score may mean something completely different than an 800 from another’s.

Which score?

Even if you narrow your question down to one company, the most accurate answer may still be “it depends.” That’s because the credit score producers develop different scores at different times for different industries. For example, there are credit scores, insurance scores, scores used for mortgage loans, and more.

Who’s looking?

One reason it’s difficult to accurately answer “what’s a good score?” with just a three-digit number is that a “good” score is in the eye of the beholder (in this case, the creditor using it). Different creditors can have widely differing views on what “good” is. They can have different cutoffs for approvals and interest rates.

What’s your specific situation?

Whether a credit score is “good” also depends on your unique situation. Credit scores are just guides, so when you’re applying for a loan, other things may come into play. For example, creditors may look at your income, specific parts of your credit report and other acceptable factors when evaluating your credit application.

The best answer

A “good” credit score is one that helps you achieve your goals. If a 770 helps you get the loan you need, you could consider that to be a good score. If an 805 gets you the interest rate you want, you could also consider this to be a good score.

Under Canada's anti-spam legislation ("CASL"), Trans Union of Canada Inc. (“TransUnion”) is seeking your consent to receive occasional information about TransUnion by electronic means, such as email messages. Information may include news, offers, discounts, events and more. If you wish to withdraw your consent, you may do so at any time by using the unsubscribe link at the bottom of any TransUnion email.